Purchased Business

Purchased Business. Shall mean all of the Business other than the Excluded Business, but including all of Seller's right, title and interest as of the Effective Date in the Assumed Contracts, the Assets, the Intangibles, the Assumed Liabilities, the Books and Records, Seller Intellectual Property, the accounts receivable and payable, transferred to Buyer upon Closing as of the Effective Date with respect to the Purchased Business and, to the... extent transferable, (i) the rights under agreements with employees and consultants of Seller concerning confidentiality, and the assignment of inventions, (ii) all related claims, causes of action and similar rights against any Person arising out of, or related to, such rights and (iii) the solar pond assets and all related technology and knowhow owned by Solmat Systems Ltd., a -4- wholly owned subsidiary of the Seller, including contingent liabilities related to these assets. View More